Money Laundering
US charges suspected Dream Market admin arrested in Germany
The alleged main administrator of Dream Market Incognito Market, one of the largest dark web marketplaces before its shutdown, has been indicted in the United States on money laundering charges. 49-year-old Owe Martin Andresen was charged by a federal grand jury on Wednesday with six counts of international concealment money laundering and six counts of […]
Money launderer linked to $230M crypto heist gets 70 months in prison
22-year-old Evan Tangeman of Newport Beach, California, was sentenced to 70 months in prison for laundering funds stolen in a massive $230 million cryptocurrency heist. According to court documents, Tangeman (also known as “E,” “Tate,” and “Evan|Exchanger”) helped the suspects behind the crypto-heist launder at least $3.5 million between October 2023 and May 2025. Fourteen suspects […]
Police dismantles online gambling ring exploiting Ukrainian women
Spanish and Ukrainian law enforcement authorities dismantled a criminal ring that exploited war-displaced Ukrainian women to run an online gambling scheme that laundered nearly €4.75 million in illicit proceeds. The criminal group was formed amid the war in Ukraine and deliberately targeted young women from areas that were under continuous attack. The criminal network’s recruitment […]
Crypto wallets received a record $158 billion in illicit funds last year
Illegal cryptocurrency flows reached a record $158 billion in 2025, reversing a three-year trend of declining amounts from $86B in 2021 to $64B in 2024. This sharp 145% increase is being reported by blockchain intelligence experts at TRM Labs, who noted that it comes despite the illicit activity share of the total on-chain volume actually falling […]
US seizes E-Note crypto exchange for laundering ransomware payments
Law enforcement has seized the servers and domains of the E-Note cryptocurrency exchange, allegedly used by cybercriminal groups to launder more than $70 million. It is believed that the funds originated from ransomware and account takeover attacks, and were subsequently funneled through an international network of “money mules.” “Since 2017, the FBI identified more than […]
California man admits to laundering crypto stolen in $230M heist
A 45-year-old from Irvine, California, has pleaded guilty to laundering at least $25 million stolen in a massive $230 million cryptocurrency heist. Kunal Mehta (also known as “Papa,” “The Accountant,” and “Shrek”) is the eighth defendant to plead guilty for his participation in this scheme following charges brought by the Department of Justice in May […]
US sanctions North Korean bankers linked to cybercrime, IT worker fraud
The U.S. Treasury Department imposed sanctions on two North Korean financial institutions and eight individuals involved in laundering cryptocurrency stolen in cybercrime and fraudulent IT worker schemes. The Treasury’s Office of Foreign Assets Control (OFAC) designated Ryujong Credit Bank, a North Korea-based financial institution linked to sanctions-evasion activities between North Korea and China, including money laundering. OFAC […]
US targets North Korean IT worker army with new sanctions
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two individuals and two companies associated with North Korean IT worker schemes that operate at the expense of American organizations. These schemes involve placing in U.S. firms skilled tech workers with stolen or fabricated identities and using so-called “laptop farms” to hide the true location of the […]
Hacker steals $27 million in BigONE exchange crypto breach
Cryptocurrency exchange BigONE disclosed that hackers stole various digital assets valued at $27 million in an attack yesterday. The platform announced that private keys and user data remain unaffected by the intrusion and any customers that incurred losses will be reimbursed from available reserves. “In the early hours of July 16, BigONE detected abnormal movements involving […]
US recovers $225 million of crypto stolen in investment scams
The U.S. Department of Justice has seized more than $225 million in cryptocurrency linked to investment fraud and money laundering operations, the largest crypto seizure in the history of the U.S. Secret Service. The state’s investigators used blockchain analysis to trace the funds stolen from over 400 victims, which were then laundered through a complex […]